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chatham lodging trust (CLDT) Details

Chatham Lodging Trust is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily invests in premium-branded upscale extended-stay and select-service hotels to create its portfolio. Chatham Lodging Trust was founded on October 26, 2009 and is based in Palm Beach, Florida.

chatham lodging trust (CLDT) Key Developments

Chatham Lodging Trust Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

Feb 24 15

Chatham Lodging Trust reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $52,612,000 compared to $34,333,000 a year ago. Operating income was $4,519,000 compared to $3,549,000 a year ago. Loss before income tax expense was $5,312,000 compared to $68,000 a year ago. Net loss was $5,333,000 or $0.16 diluted per share compared to $116,000 or $0.01 basic and diluted per share a year ago. FFO attributable to common shareholders was $7,799,000 against $6,818,000 a year ago. Adjusted FFO was $12,706,000 compared to $7,580,000 a year ago. EBITDA was $14,857,000 compared to $11,458,000 a year ago. Adjusted EBITDA was $21,367,000 compared to $12,732,000 a year ago. AFFO was $12.7 million or $0.37 per diluted share compared to $7.6 million or $0.29 per diluted share a year ago.
For the year, the company reported total revenue of $197,216,000 compared to $126,228,000 a year ago. Operating income was $26,696,000 compared to $17,361,000 a year ago. Income before income tax benefit was $67,186,000 compared to $3,106,000 a year ago. Net income was $67,081,000 or $2.30 diluted per share compared to $2,982,000 or $0.13 diluted per share a year ago. FFO attributable to common shareholders was $40,605,000 against $26,451,000 a year ago. Adjusted FFO was $55,099,000 compared to $31,689,000 a year ago. EBITDA was $133,253,000 compared to $43,859,000 a year ago. Adjusted EBITDA was $84,591,000 compared to $51,435,000 a year ago. AFFO was $55.1 million or $1.91 per diluted share compared to $31.7 million or $1.49 per diluted share a year ago. As of December 31, 2014, the company had net debt of $535.1 million (total debt less cash).
For the first quarter of 2015, the company expected total hotel revenue to be in the range of $55.8 million to $56.7 million. Net income of $1.1 million to $2.0 million, net income per diluted share of $0.03 to $0.05, adjusted EBITDA of $23.0 million to $23.9 million, adjusted funds from operation of $13.7 million to $14.6 million, adjusted FFO per diluted share of $0.37 to $0.39 and hotel EBITDA margins of 38.6% to 39.1%. The company expects interest expense to be $6.4 million.
For the year 2015, the company expected total hotel revenue to be in the range of $261.4 million to $266.9 million, net income of $36.8 million to $42.3 million, income per diluted share of $0.97 to $1.11, adjusted EBITDA of $124.3 million to $129.8 million, adjusted funds from operation of $87.5 million to $93.0 million, adjusted FFO per diluted share of $2.30 to $2.45 and hotel EBITDA margins of 43.8% to 44.6%. The company expects interest expense to be $25.6 million. Capital expenditures are expected to be $17 million in 2015, inline with spending in 2014.

Chatham Lodging Trust Declares Dividend for the Month of February 2015 Payable on March 27, 2015

Feb 10 15

Chatham Lodging Trust announced that its board of trustees has declared a monthly common share dividend of $0.10 for February 2015. The common dividend is payable March 27, 2015, to shareholders of record on February 27, 2015.

Chatham Lodging Trust to Report Q4, 2014 Results on Feb 24, 2015

Jan 30 15

Chatham Lodging Trust announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 24, 2015

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